Last night Touchstone Explorations President and CEO, Paul Baay, joined by Chief Operating Officer, James Shipka discussed the firm’s year-end results and operations. In the event, viewable below, Paul and James detailed Touchstone’s forthcoming drilling campaign on the Ortoire block and its potential to transform the company’s production output. The pair answered questions from viewers in an extensive Q&A session following the presentation.
The company has identified three targets located on Ortoire which it is looking to drill this year. The first target is Corosan, a natural gas prospect located just north of Shell’s Carapal Ridge discovery, which is scheduled to be drilled in June. Corosan could contain up to 50 billion cubic feet (Bcf) of gas which could effectively double the company’s current production. The second prospect is called Balata West, which Touchstone believes could support 30-40 wells producing 3,000-4,000bopd. However, the third prospect, called the Central Prospect, could well be the most prospective of all the Ortoire targets.